Government Policy

December 18, the National Energy Board Southern Supervisory Board issued the "southern region" two rules "main revised provisions" of the notice, in order to better serve the construction of a new type of power system, recently, the Southern Energy Board in conjunction with the Yunnan, Guizhou Energy Supervision Office to comprehensively summarize the implementation of the rules for the southern region of grid-connected power operation and auxiliary services assessment and compensation. Recently, the Southern Energy Regulatory Authority, together with Yunnan and Guizhou Energy Regulatory Offices, comprehensively summarized the effectiveness of the implementation of the rules on power grid-connected operation and auxiliary service assessment and compensation in the southern region, improved the relevant working mechanism, and revised and issued a new version of the "two rules.

On December 12, 2024, the Beijing Municipal Commission of Urban Management issued the Beijing 2025 Electricity Market-based Trading Program and the Beijing 2025 Green Power Trading Program (hereinafter referred to as the Electricity Market-based Trading Program and the Green Power Trading Program).

A few days ago, the National Energy Board issued "on supporting the innovative development of new business subjects in the field of electricity guidance", pointing out that we should give full play to the role of new business subjects in improving the regulation capacity of the electric power system, promoting the consumption of renewable energy, and guaranteeing the safe supply of electricity, encouraging the innovative development of new modes and new forms of business, fostering the development of new qualitative productivity in the field of energy, and accelerating the construction of a new type of electric power system.

Recently, the General Office of the Central Committee of the Communist Party of China and the General Office of the State Council issued the Action Program for Effectively Reducing the Cost of Logistics for the Whole Society, and issued a circular requesting all regions and departments to conscientiously implement it in the light of the actual situation.

On November 19, the Hebei Provincial Development and Reform Commission issued a notice on the work program for distributed PV participation in the electricity market in the south grid of Hebei.

In order to effectively prevent the risk of large-scale power outages on the grid, establish a grid security risk control mechanism guided by scientific prevention, process management as a means, and the whole process of closed-loop supervision as a support, and guarantee the safe and high-quality development of the new electric power system, on November 19th, the National Energy Board issued the "Grid Security Risk Control Measures", and interpreted the policy.

A few days ago, the Shanghai Municipal People's Government issued the "Shanghai accelerate the green low-carbon transformation action program (2024-2027)" notice, the notice pointed out that the full implementation of the "photovoltaic +" project, by 2027, the city's installed photovoltaic capacity of 4.5 million kilowatts.

On November 8, the 12th meeting of the Standing Committee of the 14th National People's Congress voted to adopt the Energy Law of the People's Republic of China. This law consists of nine chapters, including general provisions, energy planning, energy development and utilization, energy market system, energy reserves and emergency response, energy science and technology innovation, supervision and management, legal responsibility, bylaws, etc., since January 1, 2025 shall come into force.

On November 9, 2024, Xinhua released the Joint Declaration of the People's Republic of China and the Republic of Indonesia on Advancing the Comprehensive Strategic Partnership and Building the China-Indonesia Community of Destiny.

On October 30, the National Development and Reform Commission and other six departments issued guidance on vigorously implementing renewable energy substitution actions. The document clearly establishes a sound price mechanism for energy storage. Steady and orderly promotion of distributed new energy generation to participate in market-oriented trading, and promote distributed new energy consumption in the vicinity.